How much does an Underwriter V make in Michigan? The average Underwriter V salary in Michigan is $143,917 as of March 26, 2024, but the range typically falls between $121,863 and $169,610. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
Percentile | Salary | Location | Last Updated |
10th Percentile Underwriter V Salary | $101,783 | MI | March 26, 2024 |
25th Percentile Underwriter V Salary | $121,863 | MI | March 26, 2024 |
50th Percentile Underwriter V Salary | $143,917 | MI | March 26, 2024 |
75th Percentile Underwriter V Salary | $169,610 | MI | March 26, 2024 |
90th Percentile Underwriter V Salary | $193,001 | MI | March 26, 2024 |
Commercial Lender - Vice President
Civista Bank - Bowling Green, OH
M/I Homes, Inc. - Columbus, OH
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First Insurance Company of Hawaii - Honolulu, HI
Underwriter V reviews and analyzes risk characteristics on insurance applications, renewals, and change requests. Utilizes underwriting guidelines, rules, standards, and levels of authority to accept, reject, or mitigate risk for applications and determine appropriate premiums, limits, and coverages. Being an Underwriter V calculates renewal rates. Ensures that underwriting activities comply with all industry and governmental regulations. Additionally, Underwriter V may coordinate with field agents to collect or clarify information or decisions. Typically requires a bachelor's degree or equivalent. Typically reports to a supervisor or manager. The Underwriter V works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. To be an Underwriter V typically requires 10+ years of related experience. (Copyright 2024 Salary.com)... View full job description
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Location | Avg. Salary | Date Updated |
---|---|---|
Location Taylor, MI | Avg. Salary $146,687 | Date Updated March 26, 2024 |
Location Acme, MI | Avg. Salary $137,210 | Date Updated March 26, 2024 |
Location Ada, MI | Avg. Salary $141,438 | Date Updated March 26, 2024 |
Location Addison, MI | Avg. Salary $146,542 | Date Updated March 26, 2024 |
Location Adrian, MI | Avg. Salary $144,354 | Date Updated March 26, 2024 |
Location Afton, MI | Avg. Salary $135,460 | Date Updated March 26, 2024 |
Location Ahmeek, MI | Avg. Salary $138,668 | Date Updated March 26, 2024 |
Location Akron, MI | Avg. Salary $135,606 | Date Updated March 26, 2024 |
Location Alanson, MI | Avg. Salary $135,460 | Date Updated March 26, 2024 |
Location Alba, MI | Avg. Salary $135,460 | Date Updated March 26, 2024 |
A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Underwriter V, the first career path typically starts with a Health Underwriting Manager position, and then Health Underwriting Director.
The second career path typically starts with a Life Underwriting Supervisor position, and then progresses to Life Underwriting Manager.
The third career path typically starts with a Property Casualty Underwriting Supervisor position, and then progresses to Property Casualty Underwriting Manager.
Additionally, the fourth career path typically starts with an Underwriting Supervisor position, and then progresses to Underwriting Manager.
Salary.com's CompAnalyst platform offers:
Job Title | Experience | EDUCATION | Salary Compared to This Job |
---|---|---|---|
Job Title Mortgage Underwriter I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Mortgage Underwriter II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Job Title Mortgage Underwriter III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Job Title Underwriter (Life) I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
Job Title Underwriter (Life) III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Jobs with different levels of education may pay very differently. Check the Underwriter V salary of your education level.
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Underwriter V salary varies from category to category. Click below to see Underwriter V salary in different categories.
About Michigan Michigan consists of two peninsulas that lie between 82°30' to about 90°30' west longitude, and are separated by the Straits of Mackinac. The 45th par....More
Skills associated with Underwriter V: Underwriting, Denial Administration, Contract Review, Insurance Software ...More
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